Kuaishou Secures Nearly $3 Billion for AI Video Unit

Caixin: Kuaishou secured 19 billion yuan ( $2.8 B) f or K l in g A I, v a l u in g b u s in ess a t$ 15B pre-money. Round open to additional investors targeting $3B total for 16.7% stake. Largest funding round ever by AI video model developer globally. Proceeds for expansion, operations, working capital, team building.